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Company Registration No. 10802760 (England and Wales)
BOWLS PROPERTY LTD Unaudited accounts for the year ended 30 June 2023
BOWLS PROPERTY LTD Unaudited accounts Contents
Page
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BOWLS PROPERTY LTD Company Information for the year ended 30 June 2023
Directors
K J McDonnell G N Lewis B T Pearson
Company Number
10802760 (England and Wales)
Registered Office
85 BRIDGE STREET WORKSOP S80 1DL ENGLAND
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BOWLS PROPERTY LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
425,000 
425,000 
Current assets
Debtors
516 
516 
Cash at bank and in hand
20,230 
8,134 
20,746 
8,650 
Creditors: amounts falling due within one year
(1,330)
(682)
Net current assets
19,416 
7,968 
Total assets less current liabilities
444,416 
432,968 
Creditors: amounts falling due after more than one year
(391,150)
(394,977)
Provisions for liabilities
Deferred tax
(25,284)
(25,284)
Net assets
27,982 
12,707 
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
27,976 
12,701 
Shareholders' funds
27,982 
12,707 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by
K J McDonnell Director Company Registration No. 10802760
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BOWLS PROPERTY LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
BOWLS PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 10802760. The registered office is 85 BRIDGE STREET, WORKSOP, S80 1DL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investment property
2023 
£ 
Fair value at 1 July 2022
425,000 
At 30 June 2023
425,000 
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BOWLS PROPERTY LTD Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
516 
516 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
1,330 
682 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
313,790 
317,617 
Other creditors
77,360 
77,360 
391,150 
394,977 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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